BSE StAR MF outperforms the industry in net equity inflow in June 2021
Contributes Net Equity Inflow of Rs. 6,072 crore to Industry’s Net Equity Inflow of Rs.5,988 crore
BSE StAR MF, India's largest Mutual Funds Distributor platform has outshone the industry net equity inflow by contributing Rs. 6,072 crore as compared to industry’s Net Equity Inflow of Rs. 5,988 crore in June, 2021.
With all mutual funds and distributors channelising their transactions through online platforms, BSE StAR MF is constantly transforming itself into a unique end-to-end-value based platform.
BSE StAR MF also set a record of highest monthly transaction of 1.29 crore in June, 2021 compared to its previous best of 1.14 crore in May 2021.
The platform also achieved its highest ever SIPs of 7.83 lakh registered in a month in Jun 2021 as compared to previous highest of 6.88 lakh in May, 2021.
Overall, the platform achieved 38 per cent of the transaction within 3 months which is 3.54 crore during FY 21-22 (April - June) as compared to 9.38 crore transactions during FY 20-21.
BSE StAR MF Key Highlights:
Turnover:
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For June 2021 it was Rs. 36,232 crore compared to Rs. 31,288 crore. On May 2021 an increase by 16 per cent
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For June 2021 it was Rs. 36,232 crore compared to Rs. 22,667 crore on June 2020, a significant growth of 60 per cent
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Turnover for Q1FY22 was Rs. 1,01,418 crore as compared to Rs. 85,420 crore for Q1FY21, increase by 19 per cent
Net Equity Inflow:
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For June 2021 it was Rs. 6,072 crore compared to Rs. 5,147 crore for May 2021, an increase by 18 per cent.
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For June 2021 it was Rs 6,072 crore compared to Rs. 1,882 crore for June 2020.
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Net Equity inflow during Q1FY22 is Rs. 16,676 crore compared to Rs. 9,181 crore for Q1FY21 an increase of 82 per cent.
Transactions:
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For June 2021 it was 1.29 crore an increase by 13 per cent as compared to 1.14 crore for May 2021
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For June 2021 it was 1.29 crore as compared to 63.15 lakh for June 2020, an incredible growth of 104 per cent
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Transactions during Q1FY22 was 3.54 crore as compared to 1.86 crore during Q1FY21, tremendous growth by 91 per cent.
New SIP Registrations :
MFDs:
BSE StAR MF App (StAR MF Mobility) has processed over 26 lakh transactions since its launch, amounting to Rs. 13,235 crore as on June 2021. The app was launched to help Mutual Fund Distributors register clients on real-time basis and execute paperless transactions. Because of the superior support system and distribution reach of BSE StAR MF, the platform has grown exponentially with over 70,000 registered distributors in India.
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.